Hi,
my initial thought is no but I would like to have it clarified.
In fmi 3 spec, State: Event Mode (https://fmi-standard.org/docs/3.0.2/#EventMode) it says that fmi3Set is an allowed function call for exposed continuous-time states with reinit = false. Now, reinit is an attribute only used to model exchange. So I assume that for co-simulation you should disregard the sentence "and continuous-time states with reinit = false".
Is that correct?